Bitcoin has surged past $106,000, driven by optimism surrounding President-elect Donald Trump's proposed national Bitcoin reserve, which aims to position the U.S. as a leader in the cryptocurrency market. This rise, exceeding 50% since Trump's election on November 5, 2024, reflects strong institutional interest and robust market dynamics. Analysts suggest that if momentum continues, Bitcoin could target $110,000, while concerns about market volatility linger as the new administration takes shape.